Friday, January 19, 2007
Ney eligible for $29,000 pension
WASHINGTON (CNN) -- How much of a pension is former Congressman Bob Ney eligible for after he completes his 30 month prison term?
The National Taxpayers Union estimates Ney will be eligible for a $29,000 pension beginning in 2016. He reaches age 62 that year, and would be eligible for the full amount based on 12 years in the House.
That amount would grow yearly with the cost of living.
Ney could also opt for a lesser amount beginning in three years. When he turns 56 in 2010, he could take a smaller pension of just over $20,000. -- that is 30% below the full amount, and would be permanently reduced.
Ney's salary last year was $165,200.
-- CNN's Steve Brusk
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